Tag Archives: Financial Crimes Enforcement Network

Members of Congress urge the Financial Crimes Enforcement Network at Treasury to Preserve Banking Guidance for Marijuana Industry

WASHINGTON, Jan. 17, 2018 /Weed Wire/ – Following the January 4 announcement by the U.S. Department of Justice to withdraw the Cole guidance, today Representatives Denny Heck (WA-10) and Ed Perlmutter (CO-07) sent a letter to U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) requesting they preserve the 2014 guidance for marijuana-related businesses to operate under the Bank Secrecy Act.

Bennet, Gardner Fight to Maintain Banking Services for Marijuana Businesses and Consumers

WASHINGTON, Jan. 11, 2018 /Weed Wire/ — Colorado U.S. Senators Michael Bennet (D) and Cory Gardner (R) today sent a letter to the Financial Crimes Enforcement Network (“FinCEN”), urging it to retain its February 14, 2014 guidance for financial institutions that serve marijuana businesses.

U.S. Justice Department Blindsided Banking Agency on Pot Policy Flip

U.S. Justice Department Blindsided Banking Agency on Pot Policy Flip

When the U.S. Justice Department said last week it was reversing policy on the $7 billion marijuana business, it failed to first notify federal officials who advise banks in states where the drug is legal, sources in Congress said.

Cortez Masto Introduces Legislation to Provide Access to Banking Services for Legal Cannabis Businesses

WASHINGTON, May 17, 2017 /Weed Wire/ — U.S. Senator Catherine Cortez Masto (D-Nev.) joined Senators Jeff Merkley (D-Ore.), Cory Gardner (R-Colo.), Ron Wyden (D-Ore.), Rand Paul (R-Ky.), Michael Bennet (D-Colo.), Patty Murray (D-Wash.), Elizabeth Warren (D-Mass.), and Brian Schatz (D-Hawaii) to introduce legislation to ensure that legal cannabis businesses can access banking services.

Bipartisan Group of Senators Introduces Legislation to Provide Access to Banking Services for Legal Cannabis Businesses

WASHINGTON, May 17, 2017 /Weed Wire/ — Senator Elizabeth Warren (D-Mass.) today joined a bipartisan group of senators led by Senator Jeff Merkley (D-Ore.) and including Senator Cory Gardner (R-Colo.), Senator Ron Wyden (D-Ore.), Senator Rand Paul (R-Ky.), Senator Michael Bennet (D-Colo.), Senator Patty Murray (D-Wash.), Senator Catherine Cortez Masto (D-Nev.) and Senator Brian Schatz (D-Hawaii) to introduce legislation to ensure that legal cannabis businesses can access banking services.

Bipartisan Group of Senators Introduces Legislation to Provide Access to Banking Services for Legal Cannabis Businesses

WASHINGTON, May 17, 2017 /Weed Wire/ — Today, Oregon’s Senator Jeff Merkley led a bipartisan group of Senators – including Senator Cory Gardner (R-CO), Senator Ron Wyden (D-OR), Senator Rand Paul (R-KY), Senator Michael Bennet (D-CO), Senator Patty Murray (D-WA), Senator Elizabeth Warren (D-MA), Senator Catherine Cortez Masto (D-NV) and Senator Brian Schatz (D-HI) – to introduce legislation to ensure that legal cannabis businesses can access banking services.

Senator Murray Introduces Legislation to Provide Access to Banking Services for Legal Cannabis Businesses

WASHINGTON, May 17, 2017 /Weed Wire/ — Today, Senator Patty Murray (D-WA) joined a bipartisan group of senators to introduce legislation to ensure that legal cannabis businesses can access banking services.

U.S. senators seek to protect banking for pot business vendors

United States Senators Seek to Protect Banking for Pot Business Vendors

The U.S. government should keep banks from cutting off the accounts of vendors who work with state-sanctioned marijuana businesses, 10 U.S. senators said in a letter to the Treasury on Wednesday.

Bipartisan Group of Senators Presses Federal Regulator for Clear Guidance on Banking Services for Vendors Working with Legal Marijuana Businesses

WASHINGTON, Dec. 14, 2016 /Weed Wire/ — Today, a bipartisan group of Senators led by Oregon’s Senator Jeff Merkley pressed a key federal regulator to take further action to ensure that vendors working with legal marijuana businesses in states that have legalized recreational or medicinal marijuana do not have their banking services taken away.


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